1. Responsiveness of merchandise trade flows to changes in the real effective exchange rate in Zambia
2015·Master of Arts·University of Zambia
Economic theory on trade flows postulates that depreciation does not guarantee an automatic improvement of the Balance of Payment (BoP) unless the Marshall-Lerner (M-L) condition is fulfilled. In this regard, most Sub-Saharan African countries (including Zambia) are still grappling with the...
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